The former Salvation Army building in Manhattan's Chinatown, which was converted into a trendy hotel, has been refinanced following its renovations.

Stribling, which was founded in 1980 by chairman and founder Elizabeth F. Stribling, operates three locations in Manhattan and one in Brooklyn.

In the aggregate, the four buildings are 87.7% leased and were acquired at an average capitalization rate of 5.3%. The properties expand Healthcare Realty's presence in three of its top markets and extend its relationships with three market leading, investment-grade health systems.

According to its best and final offer submitted to JEA, the Ryan Cos. project at 325 West Adams St. will cost approximately $72.2 million to construct. The building will total 207,810 square feet, including a 6,340-square-foot rooftop outdoor patio.